Govt may defer Air India sale, reduce debt to sweeten the deal
Lok Sabha passes bill to bring co-operative banks under RBI supervision
September 21, 2020Centre may defer Air India sale by 3 yrs amid lack of investor interest
September 21, 2020According to Divakar Vijayasarathy, founder and managing partner at consulting firm DVS Advisors LLP, the government will be under duress to extend the deadline beyond October 30 given that there has been no submission of an expression of interest by a potential buyer. He said the operating cost of Air India is higher than that of other airlines by more than 20%.